LATEST NEWS FOR Santam Ltd.  

Santam is a multinational general insurance group that writes insurance business in South African and Namibia and has investments and clients in a further 31 countries. It is the leading general insurer in South Africa with a market share of more tha... [more info]

Insurance: The devil really is in the detail

17 Sep 2020 /  Adriaan Kruger   5
Insurers may be in the wrong in rejecting some claims, but more often than not it's the policyholder who got something wrong.

Sanlam raises R7.7bn in impairments

11 Sep 2020 /  Adriaan Kruger   4
Solid operational results marred by unusual costs and impairments.

Sanlam diluted HEPS up 10% despite tough operating environment

10 Sep 2020 /  Nompu Siziba   
Paul Hanratty – CEO, Sanlam

Jury still out on business interruption claims

4 Sep 2020 /  Adriaan Kruger   3
Santam says it is liable to pay R250m but has set aside R1.3bn.

Santam se wins val met 33%

3 Sep 2020 /  Moneyweb  
Lizé Lambrechts – uitvoerende hoof, Santam

High stakes in Santam vs Ma-Afrika Hotels court battle

2 Sep 2020 /  Suren Naidoo   3
Case linked to Covid-19 economic fallout could be precedent-setting.

Santam has now paid out R506m in business interruption claims

13 Aug 2020 /  Suren Naidoo   5
After originally dragging its feet on Covid-19 pandemic-related pay outs.

FSCA working to clarify companies’ rights in pandemic insurance claims

6 Aug 2020 /  Emma Rumney, Reuters  
Test case in the pipeline.

Business interruption claims to cost Old Mutual over R650m

30 Jul 2020 /  Suren Naidoo   10
Group makes 'settlement’ offer in the wake of financial regulators reaching a landmark agreement with insurers to assist virus-hit small businesses

Santam to pay R1bn on business interruption insurance claims

27 Jul 2020 /  Nompu Siziba  
Hennie Nel – CFO, Santam

Santam en Hollard gaan tussentydse betalings aan ondernemings maak wat besigheidonderbrekingsdekking het

27 Jul 2020 /  Moneyweb  
Hennie Nel - finansiële hoof, Santam & Willie Lategan – uitvoerede hoof, Hollard Insure

Insurers make concessions in business interruption cover battle

UPDATE
27 Jul 2020 /  Suren Naidoo   10
Santam commits R1bn in interim relief, in line with a similar move by Hollard.

Insurers cannot use lockdown as grounds to reject claims – FCSA

10 Jul 2020 /  Suren Naidoo   14
Regulator lambasts industry for deliberately avoiding paying out legitimate business interruption insurance claims.

Cape café’s ‘precedent-setting’ business interruption insurance victory

UPDATE
8 Jul 2020 /  Suren Naidoo   19
High court ruling could rock short-term insurance sector, but insurer Guardrisk is likely to appeal.

Hoteliers plead for Covid-19 business interruption insurance payouts

2 Jul 2020 /  Suren Naidoo   24
As insurance companies face billions of rands in pandemic cover claims.

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